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Healthcare VBC Product Manager, Payformance Solutions

Healthcare VBC Product Manager, Payformance Solutions

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Position: Healthcare VBC Product Manager, Payformance Solutions

Office: Chicago, IL


Why we’re excited to get to work:

The mission for Payformance Solutions is simple. We aim to be a catalyst for payment transformation in the healthcare industry. Our proprietary software solutions allow payers and providers to focus on what really matters: providing patients with access to care that yields the best health outcomes, at the lowest costs.


The healthcare industry is complex and fragmented. Payers and providers are faced with a lack of transparency and conflicting financial goals that fail to consider the health outcomes of patients. Payformance Solutions offers data-driven, turnkey software solutions that provide payers and providers with the technical tools and resources needed to design, evaluate, build, measure, and negotiate value-based reimbursement contracts — as a neutral third party. Our holistic solutions allow payers and providers to collaborate in an ecosystem that aligns financial goals with patient outcomes.


What we are looking for:

  • Our team needs a hands-on Product Managers who can work with healthcare claims data to generate insights to help solve complex healthcare transformations facing payers and providers. As Value-Based Care (VBC) product manager, you will own and operate the VBC innovation product roadmap. This includes clearly identifying the challenges payers and providers face moving to VBC. Your framing of the challenges and solutions will be based on a deep understanding of the macro- and micro- trends driving the healthcare industry towards VBC financial arrangements, and nuanced understanding of the financial and operational constraints payers and providers face. If you have a desire to work on some of the most significant and challenging initiatives facing the industry, and love to push the boundaries to solve complex business problems innovatively, then we want to talk with you. As an Product Manager at Payformance Solutions, you will have the opportunity to make mission critical contributions. You’ll have a voice in driving the direction and strategy of the company, and work in an agile environment alongside a rapidly growing team of Engineers, Data Architects, Analysts, and Health Policy Experts in our Chicago, IL office.
  • Position is based in Chicago

What you’ll do:

  • You process information like an engineer, dream of front-end applications like a creative designer, have the drive of a hungry-entrepreneur BUT maintain the voice of a diplomat.
  • You are product person who is passionate about solving real problems with technology. As the bridge between technical and business worlds, it’s essential that you are a guiding light, constantly organizing and executing strategy based on data driven decisions and hypotheses, aligning with company leaders, executing and measuring result.
  • You want to build things that matter. You are a self-starter that places high value on quantitative analysis to drive product management towards scale and growth. You understand project prioritization at a macro level, but live in the trenches with the teams to outline details, guide execution and own accountability.
  • Serve as the subject matter expert on strategic and operational challenges faced by health systems in pursuing a value-based care agenda
  • Interact with health system leaders and front-line staff to gather input on strategic priorities and share back opportunities for digital solutions to drive innovation
  • Collaboratively engage health system leaders on the business case for action, framing decisions around the best fit solutions that address their challenges: (1) Interact with provider members to assess strategic context and operational constraints, (2) Develop a fact-based perspective on customer/end-user needs, constraints and opportunities, (3) Estimate the value potential of executing on specific innovation opportunities and (4) Interact with technology-enabled solution vendors to evaluate solution effectiveness
  • Support “beta” clients interacting with Payformance Solutions products
  • Work with technical staff to translate business requirements into functional requirements and specifications
  • Plan and facilitate functional design sessions
  • Develop testing, validation and implementation plans and processes
  • Create and maintain system design and operational procedure documentation
  • Provide guidance and feedback to more junior team members
  • Contributing to an innovative and team-oriented work environment with individual accountability and ownership to the success of the company


Qualifications: What you’ll bring to the table:

  • Outstanding verbal and written communication skills
  • Excellent presentation and whiteboarding skills
  • 15+ years’ experience within the healthcare sector, preferably with direct experience working with or for healthcare providers in a strategic or operational capacity. Knowledge of Provider Contracting.
  • Experience working with healthcare claim codes (e.g., ICD9, ICD10, HCPCS, CPT)
  • Advanced degree in healthcare (MPH, MHA) or MBA with a focus in healthcare.
  • Knowledge of and experience with value-based care contracts and outcomes.
  • Ability to synthesize and derive insights from large amounts of activity in the healthcare market.
  • Interest in and/or experience with innovative technology-enabled healthcare solutions (e.g., digital health); experience with health care venture capital or solution implementation a plus.
  • Proven verbal and written communication skills including the ability to present to internal and external senior management teams.
  • Comfort working in an entrepreneurial environment and dealing with ambiguity.
  • Capability to succeed in a dynamic environment and produce multiple deliverables within tight timeframes.
  • Proven ability to interact directly with clients and effectively understand needs while managing expectations
  • Proven ability to effectively communicate with both technical and non-technical team members
  • Proven ability to effectively work both independently and within a team
  • Position is based in Chicago



How we’ll support you:

In addition to the meaningful and challenging work, Payformance’s dynamic work environment emphasizes integrity, personal commitment, and teamwork. We offer an outstanding benefits program that includes:

  • A competitive annual salary
  • 100% employer-paid medical option (employee, spouse, family)
  • 100% employer-paid life insurance policy
  • 100% employer-paid short-term and long-term disability insurance
  • 401k Retirement Plan (5% employer contribution)
  • Healthy work/life balance… Our flexible office hours and time-off allows you to make the most of your time in and out of the office to fit your needs. Plus, an optional work-from-home day once a week (after 3 months)
  • Paid maternity leave
  • Tuition reimbursement
  • Annual personal learning budget (books, conferences, etc.)
  • Thirsty Thursday team building events
  • Free gym Access
  • Awesome coworkers
  • Work with a highly collaborative and values-driven team


Not to boast, but a little bit about us:

Payformance Solutions is a health-tech company dedicated to advancing payment transformation in the healthcare industry. We are a wholly owned subsidiary of Altarum Institute, a nonprofit systems research and consulting organization that has been servicing government and private sector clients since 1946.


Altarum Institute combines the analytical rigor of a research institution with the business agility of a consulting firm, the Institute is uniquely positioned to deliver practical, systems-based health and healthcare solutions to its clients. Altarum’s nonprofit status ensures that the public interest is always preeminent in our work. Our dedication to social responsibility is evident in all that we do, serving the public good with integrity and enabling others to do the same. Altarum develops and promote best practices in the application of information technology to health and health care. Applying systems research principles and analytic objectivity, we work to increase access to health information; improve the organization and usability of health information; and develop new knowledge from health information. We work to achieve these goals by addressing all aspects of information technology —policy and planning efforts, system design and development, information exchange, and the management and evaluation of specific information technology and strategies.


At Payformance, we don’t just accept difference - we celebrate, support, and thrive on it for the benefit of our employees, our clients, and our community. Payformance Solutions is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, status as a protected veteran, or disability.


To all recruitment agencies: Payformance does not accept agency resumes, we are not responsible for any fees related to unsolicited resumes.

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